Smiles Launches IPO, Enlists PE Help

Apr 9, 2013

Gol’s Smiles mileage loyalty program has launched an IPO, aiming to raise more than BRL1bn ($503m), and has hooked private equity firm General Atlantic for a BRL400m commitment. With pricing scheduled for April 25, the Brazilian airline plans a sale of 44m of the unit’s primary shares at BRL20.70-BRL25.80 each,...